{"id":9694,"date":"2010-07-15T19:20:56","date_gmt":"2010-07-15T19:20:56","guid":{"rendered":"http:\/\/www.patheos.com\/blogs\/drishtikone\/2010\/07\/rupee-finally-has-symbol-now-what\/"},"modified":"2010-07-15T19:20:56","modified_gmt":"2010-07-15T19:20:56","slug":"rupee-finally-has-symbol-now-what","status":"publish","type":"post","link":"https:\/\/www.patheos.com\/blogs\/drishtikone\/2010\/07\/rupee-finally-has-symbol-now-what\/","title":{"rendered":"Rupee finally has a symbol.. now what?"},"content":{"rendered":"\n<\/head>

India finally has a currency symbol for the Rupee. Five symbols were shortlisted<\/a>. But the final symbol, originally to be selected in the Cabinet meeting on June 24, 2010 was finalized in the meeting on July 15. It was created by an IIT alumnus \u2013 D Udaya Kumar.<\/p>\n

The new symbol is a blend of the Devanagari \u201c?\u201d and the Roman capital \u201cR\u201d without the stem. The parallel lines at the top (with white space between them) make an allusion to the tricolor Indian flag.<\/p><\/blockquote>\n

The international 3 letter code is INR for the Indian rupee. Finally a currency which can trace itself back to mid 16th century when Sher Shah Suri introduced the silver coin (178 grains) equal to a Rupayiah.<\/p>\n

How would it benefit and is it a \u201cgreat\u201d thing as it is made out to be? Probably not. But that doesn\u2019t stop the Government of India from gloating. <\/p>\n

\u201cWith this, India will join an elite group of countries which have a distinct currency symbol. It denotes the robustness of Indian economy,\u201d said Ambika Soni, the Minister for Information and Broadcasting.<\/p><\/blockquote>\n

It\u2019s pretty obvious that India\u2019s \u201cInformation\u201d minister doesn\u2019t have credible information!! One would wonder how can she manage the Information ministry if she herself is totally clueless!! But you can\u2019t blame her because the \u201cintelligentsia\u201d is also jumping around with excitement:<\/p>\n

\u201cThis is yet another symbol of the coming of age of India as a major player in the world economy,\u201d says Surjit Bhalla, managing director of Oxus Research and Investments, a New Delhi-based economic research firm.<\/p><\/blockquote>\n

But sorry to blow the party bubble, guys, Indian Rupee is NOT the 5th currency to have gotten the symbol \u2013 there are a few others \u2013 unheard of \u2013 as well like : Nigerian Nairas \u20a6, and Mongolian Tugriks \u20ae. So its not such an august company as it is made out to be.<\/p>\n

But its a nice distraction. So let\u2019s enjoy\u2026 \ud83d\ude42<\/p>\n

Reference Links:<\/b><\/p>\n

Indian rupee sign<\/a>
\nIndia\u2019s new currency symbol puts rupee in the money<\/a><\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"

India finally has a currency symbol for the Rupee. Five symbols were shortlisted<\/a>.<\/p>\n","protected":false},"author":1517,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[],"class_list":["post-9694","post","type-post","status-publish","format-standard","hentry","category-india"],"yoast_head":"\nRupee finally has a symbol.. now what?<\/title>\n<meta name=\"description\" content=\"India finally has a currency symbol for the Rupee. 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